Good Glamm Group, previously known as MyGlamm, has become India’s first beauty commerce startup to turn a unicorn after it raised $150 million in a Series D funding round led by Prosus Ventures (Naspers) and Warburg Pincus. Good Glamm is the 35th startup this year to join India’s fast-growing club of unicorns, which refer to privately held startups valued at $1 billion or more. MyGlamm recently rebranded itself as Good Glamm Group in a bid to consolidate its businesses under a single brand. Good Glamm is currently present across 30,000 retail stores, which it plans to expand to 100,000 stores by March. Meanwhile, Good Glamm is also looking to expand overseas by August next year.

Source: Mint November 10, 2021 03:22 UTC